Title
Approving OptumHealth Contract Renewal for 2015 Calendar Year
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Resolution authorizing OptumHealth contract renewal for reinsurance for the 2015 calendar year.
SOURCE OF FUNDING:
Please provide the amount requested:
Is this a budgeted item? Yes
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, The City has received four quotes for reinsurance coverage on health care claims, and, OptumHealth who is the City's current reinsurance provider, has provided the lowest quote. The City desires to renew the contract with Optum Health for the 2015 calendar year.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: The City elects to accept the OptumHealth Renewal Quote (attached) to administer the Blue Cross Blue Shield of Alabama health insurance as a self-insured plan with reinsurance for claims over $50,000 being provided by OptumHealth with no changes to the health plan other than those federally mandated by the Patient Protection and Affordable Care Act (Healthcare Reform).
SECTION 2: No budget adjustment is needed or being requested for this action.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.